If Lloyds Bank are administering an estate on your behalf, we’ll keep you informed at each stage. But we can also offer help as and when you need it.
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to increase certain assets’ basis to their FMV at death (basis increase) (see “Estate Tax or Carryover Basis?”JofA, July 2011, page 28). An additional $3 million basis increase can be applied to property that passes to a surviving spouse. Executors can elect to have the provisions o...